TD Asset Management CEO Brian Murdock Resigns

Brian Murdock, the chief executive of TD Asset Management, has resigned to return to the United States from Canada.

NEW YORK -- Brian Murdock, the chief
executive of Toronto-Dominion Bank unit TD Asset
Management, has resigned to return to the United States from
Canada.

Murdock, 56, has decided to leave because his family wants
to be in New York, his home town, he told Reuters in an
interview.

He does not yet have another position, he said.

Murdock, who joined TD as chief executive of TD Asset
Management in 2009, has held a number of positions in the asset
management industry.

Before joining TD, Murdock was president of New York Life
Investment Management. Before that, he held a number of
positions at Merrill Lynch Investment Managers, including chief
operating officer for MLIM Americas.

Earlier this year, executive recruiters named Murdock as a
favorite to replace Mark Fetting, who resigned as Legg Mason's
chief executive last year.

Murdock was approached for the Legg Mason position, but he
is not leaving to join that firm, he told Reuters. He said he
will stay on with TD until August 1 and help with the management
transition.

Murdock has been replaced by Tim Wiggan, who on Monday took
on the CEO of asset management position, a TD spokeswoman said.

Wiggan had previously been managing director and co-head of
institutional sales at TD Securities' institutional equities
business, the spokeswoman said.

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